Fortune Minerals (TSE:FT) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Fortune Minerals Limited (TSE:FT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.09 and traded as high as C$0.13. Fortune Minerals shares last traded at C$0.12, with a volume of 693,467 shares traded.

Fortune Minerals Trading Up 4.3%

The business’s 50 day simple moving average is C$0.10 and its 200 day simple moving average is C$0.09. The stock has a market cap of C$70.19 million, a price-to-earnings ratio of -6.00 and a beta of -1.84. The company has a quick ratio of 0.04, a current ratio of 0.39 and a debt-to-equity ratio of -111.61.

Fortune Minerals (TSE:FT) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.00 earnings per share for the quarter. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 30.09%.

About Fortune Minerals

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.